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| Maes van Lanschot |
ING Investment Management has merged the two departments that oversee the management of E195 billion in fixed income assets. The credit and treasury groups have been unified under a fixed-income and treasury group that will look after the firm's bond holdings. Previously, the credit group focused on securities with credit risk and structured products, while the treasury group was responsible for interest-rate and currency products. Anton Picokrie, who previously headed the treasury group, is now head of the merged entity. Maes van Lanschot, the former head of the credit group, was recently named chief investment officer, a new role the duties of which had been performed by Angelien Kemna, ceo.
Looking ahead, van Lanschot said ING IM is planning changes to its products to make them more flexible for investors and will add personnel to teams that focus on new solutions for investors. He mentioned alternative investments as an area likely to expand. He added that ING IM's fixed-income volatility fund is an example of the type of offering it will look to develop more of.
